KPMG's top managers bribed regulators to give them the answer-sheets for ethics exams. What did they bribe those public employees with? *Jobs at KPMG*:

pogo.org/investigation/2020/01…

There's hardly a month that goes by without another KPMG scandal somewhere in the world, with enormous monetary and social fallout.

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How Accountants Took Washington’s Revolving Door to a Criminal Extreme

Hundreds of people have passed through the revolving door between the Big Four audit firms and their regulator, the Public Company Accounting Oversight Board, which was created to police audit firms and to protect everyone who has a stake in the stoc…

^{Project On Government Oversight}

During the lockdowns, #JustinTrudeau's #LiberalParty government outsourced the creation and maintenance of #ArriveCAN (a contact tracing app for people who entered Canada) to a grifter called #GCStrategies, who billed millions for their services. GC Strategies didn't do any work - instead, they paid KPMG $1,000-$1,500 day to hire freelancers to build the app. The app itself was a catastrophic failure.

10/

That failure didn't just embarrass the government - it also failed to protect Canadians during a once-in-a-century global pandemic. KPMG raked off a 30% commission:

pluralistic.net/2023/01/31/mck…

In the USA, KPMG helped #Microsoft work up a radioactively illegal tax-evasion scheme.

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Microsoft poured the millions it saved by cheating on its taxes into dark-money operations that lobbied to defund the #IRS so that KPMG and Microsoft could cook up even more illegal tax-evasion schemes:

propublica.org/article/the-irs…

But KPMG doesn't content itself with screwing over everyday people and rotting our democratic institutions - it also engages in the dangerous business of helping billionaires steal from millionaires.

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The IRS Decided to Get Tough Against Microsoft. Microsoft Got Tougher.

For years, the company has moved billions in profits to Puerto Rico to avoid taxes. When the IRS pushed it to pay, Microsoft protested that the agency wasn’t being nice. Then it aggressively fought back in court, lobbied Congress and changed the law.

^ProPublica

KPMG was the auditor who signed off on the scam oil company #MillerEnergyPartners, a fraud that operated for years thanks to KPMG's rubber-stamp on its crooked books:

desmog.com/2021/06/03/miller-e…

The company was run by serial fraudsters with long rapsheets for stealing millions. They staffed their C-suite with executives from disgraced companies that had been busted for running #PonziSchemes, issuing press releases praising those execs' "proven track records in raising capital."

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How Third-Party Auditors Make Oil Industry Fraud Possible - DeSmog

Major accounting firm KPMG is under fire from investors who filed a class action lawsuit against the firm for overstating the asset values of now-defunct oil exploration company Miller Energy Resources.

^{Justin Mikulka (DeSmog)}

KPMG ignored every red flag, ignored the hundreds of millions in fraud on the books - and when the whole thing came crashing down, the responsible KPMG partner kept his job for years, until retiring with a full and fat pension.

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More recently, KPMG made millions by confidently certifying the stability of a large regional bank, assuring investors and depositors that it was managing its risk and could be trusted. The name of the client that KPMG was so bullish on will be familiar to you: #SiliconValleyBank:

wsj.com/articles/kpmg-faces-sc…

KPMG epitomizes the idea of Too Big To Fail and Too Big to Jail.

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KPMG Gave SVB, Signature Bank Clean Bill of Health Weeks Before Collapse

Accounting firm faces scrutiny for audits of failed banks

^{Jonathan Weil (The Wall Street Journal)}

Despite being at the center of virtually every major finance scandal, it continues to thrive and grow. Remember the #Carillion bust, in which billions went up in smoke and swathes of privatized government services vanished overnight? Not only did KPMG sign off on fraudulent Carillion books, but it escaped fines for doing so - *and* got paid to help administer Carillion's bankruptcy:

reuters.com/business/finance/u…

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KPMG escapes record fine over Carillion, Regenersis audit checks

KPMG was fined 14.4 million pounds ($17.27 million) on Monday after the accounting firm admitted to providing false and misleading information to its regulator during spot checks on audits of construction firm Carillion and outsourcing firm Regenersi…

^Reuters

Despite this, KPMG continues to find willing buyers for its services. After all, when the sector is dominated by four giant, lavishly corrupt firms, there's not much choice:

pluralistic.net/2022/11/29/gre…

This is bad news for the investor class, of course, but it's even worse news for the people who rely on the services that KPMG certifies, even as it helps grifters destroy them. Every kind of business relies on audits, from transit to aviation to day-care to *eldercare*.

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Here's a scary one for you: in Australia, the job of auditing residential eldercare homes' compliance with safety and anti-abuse rules has been outsourced to KPMG. While KPMG earns a mid-sized fortune from these audits, it earns *far* more advising the owners of residential aged care homes on how to beat those audits:

theguardian.com/australia-news…

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Consulting firm KPMG paid to audit Australian aged care homes while also advising providers

Public sector union says reliance on consultants is problematic as perceived conflicts of interest could damage public trust

^{Henry Belot (The Guardian)}